Interview
[Telum News Watch] LUNA crypto crash
The recent LUNA crash has seen investors losing billions in days. As the market continues to fluctuate, what does this mean for businesses and media? Telum Media speaks to Stefano Virgilli and Cohan Chew about investor sentiment and opportunities in the crypto and blockchain industry.
Some key takeaways include:
- There has been a lot of fear in the market with the recent LUNA crash and the collapse of DeFi projects. Despite opportunities to profit from crypto, it’s important to know the story behind losses as well. (01:25)
- DeFi founders, who hope to establish a parallel system to the traditional banking system, lack experience and this could explain the risks in handling large projects. There should be a balance between investor excitement about new projects and being realistic. (02:01)
- A lot of headlines have drawn people in with the LUNA crash, which is unprecedented. This could bring opportunities for new investors, for example, buying low now and selling high later, or incubating new projects. (04:40)
- More people are looking towards DeFi and crypto, and there are questions on regulations across the board with countries taking different approaches. Singapore’s very stringent measures are causing a lot of crypto firms to move to Dubai. (05:20)
- For businesses looking to embark on Web3, there’s the potential for greater scale and increased efficiency. The media ought to spotlight crypto and Web3 in greater detail. (06:10)
- Satoshi's Whitepaper on Bitcoin describes it as a universal currency, which can be transacted by anyone at any point in time. Those investing in crypto / NFTs are hoping to profit, but the future remains uncertain. (06:42)
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Telum Media
Database
Journalists
Cohan Chew
Co-Founder / Editor
Stefano Virgilli
Columnist
Media
Telum Media
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